Source: Nextech AR Solutions
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  • Nextech AR Solutions (NTAR) has signed numerous new 3D modeling deals throughout the month of July and early August, 2022
  • Nextech AR has signed 26 new contracts, including seven contracts since July 1st with major brands, and 19 additional deals as tests
  • In the first half of 2022, the company saw strong demand from companies and brands in a variety of industries to “test” 3D modeling deals
  • ARitize 3D is the company’s AR solution with automated 3D model creation that will turn existing 2D product images into high-quality 3D and AR experiences
  • Nextech AR Solutions is a metaverse company active in augmented reality, 3D modelling, holograms and 360° portals
  • Nextech (NTAR) opened trading at C$1.05 per share

Nextech AR Solutions (NTAR) has signed numerous new 3D modeling deals throughout the month of July and early August, 2022.

Nextech AR has signed 26 new contracts, including seven contracts since July 1st with major brands, and 19 additional deals as tests. These are in addition to the previously announced deals in 2022.

Nextech AR CEO Evan Gappelberg commented on the news.

“Our ARitize 3D offering is being widely accepted by both enterprise customers as well as Shopify merchants and Amazon which has led to strong foundational growth of our business in 3D models for ecommerce in the first half of 2022. A lot of the deals in the first half were to “test” 3D models and see how the integration between platforms work. Now that we have laid the foundation we are seeing strong re-orders and are expecting an acceleration of new customer contracts. Also our existing customers are now exiting the “test” phase which usually last 3-6 months and are now entering larger 12 month MRR contracts.

We expect these existing customers’ re-orders and scaling up of global demand for everything 3D to drive our growth in Q3, Q4 and 2023 as the ecommerce industry demands shifts into high gear for Web 3.0 and emerging digital technologies. In anticipation of this rapidly growing demand we are ramping up our 3D modelling capabilities from thousands of models per month to tens of thousands of 3D models per month.”

He continued,

“More and more companies and brands within the ecommerce ecosystem are recognizing the benefits and ROI of our ARitize 3D product offering. We firmly believe that the transition from flat 2D photos to 3D models is now in full swing and that 3D models are currently being established as the standard in e-commerce throughout the globe.”

In the first half of 2022, the company saw strong demand from ecommerce merchants both large and small to “test” 3D modeling deals, driving its and growth into Web 3.0. These contracts include companies and brands with a variety of different product types from multiple industries, including furniture, home goods, sports equipment, art, lighting, petwear and more.

ARitize 3D is the company’s AR solution with automated 3D model creation that will turn existing 2D product images into high-quality 3D and AR experiences.

Nextech AR Solutions is a metaverse company active in augmented reality, 3D modelling, holograms and 360° portals.

Nextech (NTAR) opened trading at C$1.05 per share.


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